Regency Centers Co. (NASDAQ:REG) Shares Sold by PGGM Investments

PGGM Investments decreased its position in Regency Centers Co. (NASDAQ:REG - Free Report) by 91.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 59,240 shares of the company's stock after selling 627,215 shares during the quarter. PGGM Investments' holdings in Regency Centers were worth $3,969,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Retirement Systems of Alabama grew its holdings in Regency Centers by 1.5% during the 3rd quarter. Retirement Systems of Alabama now owns 130,908 shares of the company's stock worth $7,781,000 after acquiring an additional 1,917 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in Regency Centers by 5.7% during the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 32,817 shares of the company's stock worth $1,951,000 after acquiring an additional 1,775 shares during the last quarter. NewEdge Wealth LLC bought a new stake in Regency Centers during the 4th quarter worth about $275,000. International Assets Investment Management LLC grew its holdings in Regency Centers by 6,591.3% during the 4th quarter. International Assets Investment Management LLC now owns 16,862 shares of the company's stock worth $1,130,000 after acquiring an additional 16,610 shares during the last quarter. Finally, Barclays PLC grew its holdings in Regency Centers by 165.6% during the 3rd quarter. Barclays PLC now owns 711,096 shares of the company's stock worth $42,267,000 after acquiring an additional 443,407 shares during the last quarter. Institutional investors own 96.07% of the company's stock.

Wall Street Analyst Weigh In

REG has been the topic of a number of research reports. Mizuho started coverage on shares of Regency Centers in a research report on Thursday, April 18th. They set a "neutral" rating and a $60.00 target price on the stock. Truist Financial lifted their target price on Regency Centers from $71.00 to $72.00 and gave the stock a "buy" rating in a report on Tuesday, January 16th. Wells Fargo & Company assumed coverage on Regency Centers in a report on Thursday, February 1st. They set an "overweight" rating and a $70.00 target price for the company. Deutsche Bank Aktiengesellschaft initiated coverage on Regency Centers in a report on Tuesday, January 30th. They set a "buy" rating and a $74.00 target price for the company. Finally, Evercore ISI upgraded shares of Regency Centers from an "in-line" rating to an "outperform" rating and lifted their price target for the company from $69.00 to $71.00 in a research report on Monday, January 22nd. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Regency Centers presently has a consensus rating of "Moderate Buy" and an average price target of $70.73.

Regency Centers Price Performance

Shares of NASDAQ REG traded up $0.73 during mid-day trading on Monday, hitting $59.01. 1,799,136 shares of the stock traded hands, compared to its average volume of 1,263,185. The company has a market cap of $10.90 billion, a PE ratio of 28.57, a price-to-earnings-growth ratio of 3.84 and a beta of 1.16. Regency Centers Co. has a twelve month low of $54.72 and a twelve month high of $68.47. The firm has a 50 day simple moving average of $59.90 and a two-hundred day simple moving average of $61.73. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.85 and a quick ratio of 0.85.

Regency Centers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Wednesday, March 13th were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 4.54%. The ex-dividend date of this dividend was Tuesday, March 12th. Regency Centers's payout ratio is presently 131.37%.

Regency Centers Company Profile

Regency Centers is a preeminent national owner, operator, and developer of shopping centers located in suburban trade areas with compelling demographics. Our portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect to their neighborhoods, communities, and customers.